Bitcoin continued to increase for the seventh consecutive day, setting a local peak at $102,480, the highest level since December 18.

Futures on the US stock market traded almost sideways on Monday night after the S&P 500 and Nasdaq Composite recorded the second consecutive day of growth.

S&P 500 futures contracts changed little, while Nasdaq 100 futures contracts increased slightly by less than 0.1%. Futures contracts associated with the Dow Jones Industrial Index decreased by 35 points, which is less than 0.1%.

In the after-hours trading session, Ulta Beauty's stock

Increased by about 1% after the company appointed a new CEO and increased guidance in the fourth quarter.

In the regular trading session, the S&P 500 index increased by 0.55%, while the technology-leaning Nasdaq increased by 1.24%. Dow consists of 30 inefficiently performing stocks, down 0.06%.

The increase of S&P 500 and Nasdaq on Monday was driven by chip stocks after Foxconn reported record fourth-quarter revenue. Nvidia stock closed at a record level, while VanEck Semiconductor ETF (SMH) increased more than 3%.

Another catalyst for stocks is the Washington Post report, which said that President Donald Trump's tariff plan will be narrower than expected. After that, Trump refuted this report in a post on Truth Social.

According to Cameron Dawson, chief investment officer at NewEdge Wealth, investors can expect market fluctuations when entering 2025.

Major economic reports that help shape market action will appear this week. The employment and labor turnover survey will take place on Tuesday, while ADP's private payroll report is expected to be released on Wednesday. The main event will take place on Friday in the form of a December non-agricultural payroll report.

This is a short trading week to only 4 days, with the New York Stock Exchange closing on Thursday in memory of the late President Jimmy Carter.

Bitcoin surpassed the $102,000 area for the 7th consecutive day.

The Altcoin market was mixed yesterday.